02/16/2011 Intraday Watering

[ddd]

good, many people are thinking short, and the price actions this morning so far print a lot shorts are at play. When the shorts feel wrong and had to cover, we will be going...

[Cobra]

And yet, 30 min OR breakout long, typical. If my statistics works again today, long this breakout, works 80%+ of the time... I'll pass today as you guys keep yelling this is a top...

[magicfan]

Todays upside target on SPY is 133.8 If it doesnt reach i am shorting it. ystdays low 132.61 is 161% extension of fib to the downside..and today we will the hit upside extension

[99er]

Dollar
Symmetry in action? IH&S potential all the way up.
http://99ercharts.blogspot.com/2011/02/dollar_16.html

[black]

i just don't short big gap up, but it doesn't mean i won't short later today[/quote]

If I read correctly, this pretty much should be long here. Isn't this double bottom reversal or what you Martian calls?[/quote]
i longed H2

[Cobra]

As far as I can see, this still pretty much 30 min OR breakout setup on going...

[Cobra]

i just don't short big gap up, but it doesn't mean i won't short later today

If I read correctly, this pretty much should be long here. Isn't this double bottom reversal or what you Martian calls?[/quote]
i longed H2[/quote]

I knew you would. You Martian just know a few of those tricks as long as I paid enough attention I'd know what you Martian would do!

[TheGift]

Still not nearly enough NYSE 52 week highs to call a top, back in april there was 650 or so (forget exact #) and about 3 days or so with 400+, this whole rally since august hasn't even seen a 400 print.

Plus what moves stocks more than fear or greed....money flow....and we got a bunch that needs to come in at all costs.

[Cobra]

For the record, don't forget my rule: Strong gap up and after 10:30am ET there's a new high, 90% Close > Open, let's see.

The breakout needs confirmation, bears are not over yet though.

[jwishbone]

Cobra, what confirmation are you looking for?

[pezhead9000]

Extreme advancing day?
http://stockcharts.com/h-sc/ui?s=$NYA&p ... &listNum=6

[99er]

ES
Man, does this market need Ex-Lax or what?
http://99ercharts.blogspot.com/2011/02/es_215.html
We may be there.

[qianshui]

new high le, strong up day?

[EvilTrader]

any bear still alive ?

[NND]

YES SIR

[Cobra]

OK, typical 30 min OR breakout day, a 80%+ winning chances for today. Now we have a new high after 10:30am ET, so 90% chances that close > open today.

[simpletrade]

any bear still alive ?

I for one started to sell my TZA and BGZ, any position loss over 10%. Still keep some, hope for a turn, but will continue to sell once they are over 10% loss.
It's bad idea to fight the mighty market.

[ttown]

They will not allow more than a 2.5% correction , other wise union pensions are in big trouble. It's always about the money

[rbharol]

They will not allow more than a 2.5% correction , other wise union pensions are in big trouble. It's always about the money

You are so optimist. Looks like they are not allowing even 1%

[simpletrader]

any bear still alive ?

still hanging around, just short tiny little bit this morning.